The Zhitong Finance App learned that Lyon released a research report saying that it maintains the target price of the Horizon Robot-W (09660.HK) at HK$11, and believes that the current stock price has fully reflected negative factors such as increased sales, and there is more room for growth. The bank expects that the implementation of J6P's customer certification in the next few months and the adoption of the HSD600 by leading domestic automakers will be the core catalyst, so it will maintain the “outperforming the market” rating. Taking into account Horizon Robotics's confidence in existing technology routes, the need to accelerate product iteration, and fierce competition in the field of advanced autonomous driving (AD) algorithms, the bank raised the Group's R&D expenditure estimates for 2026-2027 by nearly 1 billion yuan.

The Zhitong Finance App learned that Lyon released a research report saying that it maintains the target price of the Horizon Robot-W (09660.HK) at HK$11, and believes that the current stock price has fully reflected negative factors such as increased sales, and there is more room for growth. The bank expects that the implementation of J6P's customer certification in the next few months and the adoption of the HSD600 by leading domestic automakers will be the core catalyst, so it will maintain the “outperforming the market” rating. Taking into account Horizon Robotics's confidence in existing technology routes, the need to accelerate product iteration, and fierce competition in the field of advanced autonomous driving (AD) algorithms, the bank raised the Group's R&D expenditure estimates for 2026-2027 by nearly 1 billion yuan.